First Hawaiian (NASDAQ:FHB) Director Craig Scott Wo Sells 500 Shares of Stock

First Hawaiian, Inc. (NASDAQ:FHB) Director Craig Scott Wo sold 500 shares of the business’s stock in a transaction that occurred on Tuesday, February 10th. The stock was sold at an average price of $26.94, for a total value of $13,470.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

Craig Scott Wo also recently made the following trade(s):

• On Friday, February 6th, Craig Scott Wo sold 1,500 shares of First Hawaiian stock. The shares were sold at an average price of $27.21, for a total value of $40,815.00.

First Hawaiian Stock Down 0.6%

NASDAQ:FHB opened at $27.05 on Wednesday. The company’s 50 day moving average is $26.40 and its 200-day moving average is $25.33. First Hawaiian, Inc. has a 12 month low of $20.32 and a 12 month high of $28.35. The firm has a market cap of $3.35 billion, a price-to-earnings ratio of 12.30, a P/E/G ratio of 2.15 and a beta of 0.73.

First Hawaiian (NASDAQ:FHB) last posted its quarterly earnings data on Friday, January 30th. The bank reported $0.56 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.55 by $0.01. The business had revenue of $199.68 million during the quarter, compared to the consensus estimate of $225.33 million. First Hawaiian had a net margin of 23.65% and a return on equity of 10.19%. During the same period in the prior year, the firm earned $0.41 EPS. Research analysts predict that First Hawaiian, Inc. will post 1.95 EPS for the current fiscal year.

First Hawaiian Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, February 27th. Stockholders of record on Friday, February 13th will be given a $0.26 dividend. This represents a $1.04 annualized dividend and a dividend yield of 3.8%. The ex-dividend date of this dividend is Friday, February 13th. First Hawaiian’s dividend payout ratio (DPR) is currently 47.27%.

Institutional Trading of First Hawaiian

A number of hedge funds have recently modified their holdings of FHB. Farther Finance Advisors LLC increased its position in shares of First Hawaiian by 74.9% during the third quarter. Farther Finance Advisors LLC now owns 1,023 shares of the bank’s stock valued at $25,000 after purchasing an additional 438 shares during the period. Eurizon Capital SGR S.p.A. bought a new position in First Hawaiian in the fourth quarter worth $26,000. Northwestern Mutual Wealth Management Co. boosted its stake in First Hawaiian by 2,916.7% during the third quarter. Northwestern Mutual Wealth Management Co. now owns 1,086 shares of the bank’s stock worth $27,000 after buying an additional 1,050 shares in the last quarter. Hantz Financial Services Inc. increased its holdings in First Hawaiian by 11,325.0% in the 2nd quarter. Hantz Financial Services Inc. now owns 1,371 shares of the bank’s stock valued at $34,000 after buying an additional 1,359 shares during the period. Finally, Global Retirement Partners LLC increased its holdings in First Hawaiian by 45.7% in the 4th quarter. Global Retirement Partners LLC now owns 1,702 shares of the bank’s stock valued at $43,000 after buying an additional 534 shares during the period. Institutional investors own 97.63% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on the company. Weiss Ratings restated a “hold (c+)” rating on shares of First Hawaiian in a research note on Monday, December 29th. Barclays upgraded First Hawaiian from an “underweight” rating to an “equal weight” rating and upped their price target for the stock from $26.00 to $28.00 in a report on Tuesday, November 11th. Zacks Research cut First Hawaiian from a “strong-buy” rating to a “hold” rating in a research report on Thursday, December 25th. The Goldman Sachs Group set a $27.50 price objective on shares of First Hawaiian and gave the stock a “sell” rating in a research note on Tuesday, January 6th. Finally, Piper Sandler dropped their target price on shares of First Hawaiian from $28.00 to $27.00 and set a “neutral” rating on the stock in a research report on Monday, February 2nd. Six analysts have rated the stock with a Hold rating and three have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Reduce” and a consensus target price of $27.50.

First Hawaiian Company Profile

First Hawaiian, Inc is the oldest and largest bank in Hawaii, operating as the bank holding company for First Hawaiian Bank. Established in 1858, the company offers a full suite of financial services to individual, business and institutional clients. Its product portfolio includes consumer and commercial lending, deposit accounts, treasury and cash management, foreign exchange and trade finance, as well as wealth management and trust services.

First Hawaiian serves customers through an extensive network of branches, ATMs and digital channels across the Hawaiian Islands, Guam, Saipan and American Samoa.